Sumitomo Mitsui Trust Holdings Inc. Sells 24,796 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,509 shares of the company’s stock after selling 24,796 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Willis Towers Watson Public were worth $65,406,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of Willis Towers Watson Public in the 1st quarter valued at about $28,000. Hexagon Capital Partners LLC raised its holdings in shares of Willis Towers Watson Public by 168.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 81 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $34,000. Beacon Capital Management LLC grew its position in shares of Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares during the last quarter. Finally, Glassman Wealth Services purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $49,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock traded up $0.54 during trading hours on Friday, reaching $280.42. 315,681 shares of the company’s stock were exchanged, compared to its average volume of 449,284. Willis Towers Watson Public Limited has a 1 year low of $195.51 and a 1 year high of $286.13. The company has a market capitalization of $28.48 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The business has a fifty day moving average of $267.22 and a two-hundred day moving average of $265.21. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts predict that Willis Towers Watson Public Limited will post 16.62 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

Analysts Set New Price Targets

WTW has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler lifted their price objective on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Citigroup decreased their price objective on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.21.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.